ProShares Short S&P500 (NYSEARCA:SH) Sees Strong Trading Volume – What’s Next?

Shares of ProShares Short S&P500 (NYSEARCA:SH) saw unusually-strong trading volume on Monday . Approximately 6,413,705 shares were traded during trading, an increase of 35% from the previous session’s volume of 4,739,355 shares.The stock last traded at $41.73 and had previously closed at $41.49.

ProShares Short S&P500 Stock Performance

The company’s fifty day moving average price is $41.87 and its two-hundred day moving average price is $43.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. First National Corp MA ADV grew its holdings in shares of ProShares Short S&P500 by 266.2% in the 3rd quarter. First National Corp MA ADV now owns 1,563,361 shares of the real estate investment trust’s stock valued at $16,962,000 after buying an additional 1,136,404 shares during the period. Marlin Sams Capital Management LLC acquired a new position in shares of ProShares Short S&P500 in the 3rd quarter valued at $15,732,000. EWG Elevate Inc. acquired a new position in shares of ProShares Short S&P500 in the 3rd quarter valued at $13,825,000. Gunderson Capital Management Inc. acquired a new position in shares of ProShares Short S&P500 in the 3rd quarter valued at $11,095,000. Finally, Arete Wealth Advisors LLC acquired a new position in shares of ProShares Short S&P500 in the 3rd quarter valued at $10,007,000.

About ProShares Short S&P500

ProShares Short S&P500 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P 500 Index (the Index). The S&P 500 Index is a measure of large-cap United States stock market performance. It is a capitalization weighted index of 500 United States operating companies and selected real estate investment trusts.